Ib Fund Us Inc.

“FORM 990, PART III, LINE 4D IB Fund US Inc also has programs supporting costs of teacher training in Mexico ($31,810), supporting implementation of IB programs and growth in Vancouver with its Southlands School project ($19,865) and support other IB program-related activities ($7,733).”

“FORM 990, PART VI, QUESTION 8B The organization does not have a committee with authority to act on behalf of the governing body. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, QUESTION 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT TAX ACCOUNTANT, ERNST & YOUNG, LLP. THE 990 IS THEN REVIEWED AND SIGNED OFF BY THE INTERNATIONAL BACCALAUREATE ORGANIZATION'S MANAGEMENT. A DRAFT OF THE FORM 990 IS CIRCULATED TO THE IB FUND US, INC.'S VOTING BOARD MEMBERS FOR REVIEW BEFORE IT IS FILED WITH THE IRS. PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, QUESTIONS 12A & 12C THE WRITTEN CONFLICT OF INTEREST POLICY FOR IB FUND US, INC. (IBFUS) IS BEING DEVELOPED. HOWEVER, THE IBFUS BROADLY FOLLOWS THE INTERNATIONAL BACCALAUREATE ORGANIZATION'S (IBO'S) CONFLICT OF INTEREST POLICY AS LAID OUT HERE: EACH OFFICIAL IDENTIFIED BY LAW AS A POLICY MAKER OR ADVISOR AT IBFUS MUST DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST. THE BOARD WILL DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF IBFUS. A DIRECTOR WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHOULD ALSO DETERMINE AN APPROPRIATE REMEDY. SUCH REMEDY MAY INCLUDE, FOR EXAMPLE, THE RECUSAL OF THE CONFLICTED COVERED OFFICIAL FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD. IN ADDITION, THE BOARD MAY DELEGATE ITS AUTHORITY TO REVIEW AND REMEDY POTENTIAL CONFLICTS OF INTEREST TO THE IB SENIOR LEADERSHIP TEAM ("SLT"). ONLY DISINTERESTED MEMBERS OF THE SLT MAY PARTICIPATE IN ANY SUCH REVIEW. THE SLT SHALL INFORM THE BOARD OF ITS DETERMINATION AND RECOMMENDED ACTION. WHISTLEBLOWER POLICY FORM 990, PART VI, QUESTION 13 THE WRITTEN WHISTLEBLOWER POLICY FOR IBFUS IS BEING DEVELOPED. HOWEVER, THE IBFUS BROADLY FOLLOWS THE INTERNATIONAL BACCALAUREATE ORGANIZATION'S WRITTEN WHISTLEBLOWER POLICY.”

“FORM 990, PART VI, QUESTION 19 IBO makes its Annual Review available to the general public by mailing it to all IB World Schools and to all IB donors, as well as posting the Financial Statements on the IB website, (http://www.ibo.org/facts/annualreview/index.cfm). This Annual Review covers the whole IB Group, including IB Fund US Inc. The conflict of interest policy is also available on the IB website. However, the governing documents are available to the public only upon request. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, Line 9 OVERPAYMENT REFUND OF PRIOR PERIOD LEGAL FEES - $8,830”

“Description:research consulting fees total fees:177768”

“Description:other consulting fees total fees:93445”